File under only in the government: A HUD official confirms that only 15% of the estimated 100K...

|By:, SA News Editor

File under only in the government: A HUD official confirms that only 15% of the estimated 100K delinquent borrowers seeking financial assistance received it, leaving $500M in the $1B program untapped. Ironically, thousands of previously unemployed homeowners were rejected because they found a job that paid at least 15% more than their old job - precluding them from catching up on mortgage payments with a loan.